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Forex Trend Analysis Report

Prepared for you on Saturday, July 4, 2020.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Sidelines Mode (+55) - GBPMUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPMUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMUR
Open High Low GBPMUR Price Change
49.670985 50.047680 49.408836 49.812517 +0.141532
Entry Signal

MarketClub’s Trade Triangles for GBPMUR

long term up The long-term trend has been UP since Apr 14th, 2020 at 49.777604

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 49.379443

short term up The short-term trend has been UP since Jul 1st, 2020 at 50.073379

Smart Scan Analysis for GBPMUR

Based on our trend formula, GBPMUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.670985 50.047680 49.408836 49.812517 +0.141532
Prev. Close Volume Bid Ask Time
49.670985 48.564708 51.060325 2020-07-03 16:26:18
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